by On The Go Breakfast Packaging refers to convenient breakfast packaging solutions that allow breakfast to be consumed easily on-the-go. Popular breakfast items packaged using on-the-go solutions include cereals, yogurts, breakfast bars among others. On-the-go packaging provides advantages like portability, easy-handling and resealability.
The global on The Go Breakfast Packaging Market is estimated to be valued at US$ 685.51 Million in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the on-the-go breakfast packaging market is the use of eco-friendly and sustainable packaging materials. Consumers are increasingly preferring packaging made from recycled or renewable content in order to minimize environmental footprint. Manufacturers are responding to this demand by developing packaging solutions made from paperboard, bioplastics etc. For instance, Amcor has introduced mono-material flexible packaging for cereal bars made entirely from paperboard which can be recycled through existing paper streams.
SWOT Analysis
Strength: On The Go Breakfast Packaging offers convenience and portability for busy consumers with hectic schedules. It helps them save time in the mornings.
Weakness: Higher costs involved in packaging compared to conventional breakfasts prepared at home. Increased packaging also contributes to environmental waste.
Opportunity: Growing trend of urbanization and dual-income households driving the demand for convenient, ready-to-eat breakfast options. Rise in number of working professionals and students opting for on-the-go meals.
Threats: Stringent government regulations regarding packaging materials and waste management. Rising environmental awareness among consumers preferring sustainable packaging or less packaged foods.
Key Takeaways
The Global On The Go Breakfast Packaging Market Size is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing preference for convenient breakfast solutions among busy consumers.
Regional analysis: North America dominates the On The Go Breakfast Packaging market currently due to high disposable incomes and hectic urban lifestyles in countries like the US and Canada. Asia Pacific is expected to exhibit fastest growth led by India and China on account of growing working population and shifting preferences towards western breakfast habits in major cities.
Key players operating in the On The Go Breakfast Packaging market are Amcor plc,3M,DuPont,Tetra Laval International S.A.,Mondi,Berry Global Inc.,Ardagh Group S.A.,Bemis Manufacturing Company,Graham Packaging Company,Crown,BALL CORPORATION,Constantia Flexibles,CKS Packaging, Inc.,Sonoco Products Company,ProAmpac,Alcoa Corporation,Huhtamäki Oyj,Sealed Air,WINPAK LTD,DS Smith.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
